MinMinas announced gasoline and diesel prices this past week and as expected they went down. Also as expected, the truckers association and other groups thought they should have gone down further.
The Ministry of Mines and Energy (MinMinas) announced a decree that formalizes a move to make tax free zones for offshore production blocks, and also announced tax benefits for renewable energy.
Ecopetrol (NYSE:EC) continues to analyze its association contracts which are about to expire, and says that if it bolsters the company’s financial standing, it could repeat its decision made at the Rubiales-Piri and revert contracts. Around 45 association contracts between 2015-2041 could be reviewed.
Emboldened by the recent decision for Ecopetrol (NYSE:EC) to directly operate the Rubiales field, the USO has now taken direct issue with the NOC president Juan Carlos Echeverry, who the union claims is dismantling the company to be privatized and targeting workers in favor of multinationals.
Last week we tweeted an article from NGO CERAC with a graph showing that, since the last truce, most combats between the guerrilla and the Armed Forces were initiated by the Armed Forces. This data was seized upon by the Farc as evidence to support their view that the truce should be bilateral, a position rapidly rejected, at least by the Defense Minister.
Impairment charges and drop in revenues dogged the third quarter results of Pacific E&P, while analysts eagerly await more details on its plans to sell off midstream and infrastructure assets.
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